Visitors look at the SK Hynix Inc. show. 12-layer HBM3E memory chips at a semiconductor exhibition (Sedex) in Seoul, South Korea on Wednesday, October 23, 2024.
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On Tuesday, South Korea announced a support package of 33 trillion wins ($ 23.25 billion) for its important semiconductor industry, because increased uncertainty about American tariffs threatens domestic companies.
This happens after US President Donald Trump said that he would announce a tariff foot next week for imported semiconductors Releasing them from his steep “mutual” tariffs last Friday.
On Monday in social media Trump He swore to examine “The entire electronics supply chain” based on national security.
The US Trade Department also published a notification with information that it will initiate an investigation “in order to determine the impact on national security of semiconductor imports, semiconductor production equipment and their derivative products.”
South Korea's financial support was about a quarter more than 26 trillions committed last year, in accordance with the press announcement of the Ministry of Finance.
As part of the funds, the government subsidizes the construction of underground power transmission lines to semiconductor clusters, and will also increase the infrastructure financing rate in advanced industrial complexes to 50% from 30%.
In the years 2025–2027 a total of 20 trillion loans for semiconductor for semiconductor companies will be offered, compared to the current 17 trillion wins.
Other funds include the introduction of training and research programs for domestic students and doctoral students, as well as global joint research programs for foreign talents.
South Korea is home for some of the best global chip producers, including Samsung Electronics and SK Hynix, and semiconductor is a key export of the country.
South Korean on Tuesday Kospie It increased by 0.68%, and Samsung climbs by 1.07%, and SK Hynix increased by 0.17%.
In 2024, the export of South Korea semiconductors amounted to $ 141.9 billionSlightly over 20% of exports in the amount of $ 683.6 billion in the country.
The USA is Second largest export place for South KoreaWith the increase in exports by 10.5% year -on -year to $ 127.8 billion in 2024, reaching a new annual maximum in the seventh year in a row.
On Monday, the duties of the President of South Korea, Han Duck-Soo, apparently said that Trump “apparently” instructed his administration to carry out immediate tariff negotiations with South Korea, According to local Yonhap media.